The case involves an application filed by NK Power and Infrastructure Private Limited, the successful purchaser of R.S.H. Agro Products Limited, seeking confirmation regarding the sale of the Corporate Debtor as a going concern under Section 60(5) of the Insolvency and Bankruptcy Code, 2016.
NK Power and Infrastructure Private Limited filed an application seeking confirmation regarding the sale of R.S.H. Agro Products Limited as a going concern.
CIRP was initiated against R.S.H. Agro Products Limited on 23.11.2021.
Liquidation process was initiated on 18.12.2023, and Ms. Sudha Sarma was appointed as the Liquidator.
The Liquidator published an e-auction notice on 01.04.2024, and the e-auction was conducted on 26.04.2024.
NK Power and Infrastructure Private Limited emerged as the highest bidder in the auction.
The Liquidator issued a Sale Certificate dated 05.09.2024 after receiving the entire sale consideration of Rs. 17,96,99,366/-.
The Liquidator completed the liquidation process on 20.12.2024 and filed the final report.
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Corporate Insolvency…
Liquidation process…
The case involves an application filed by NK Power and Infrastructure Private Limited, the successful purchaser of R.S.H. Agro Products Limited, seeking confirmation regarding the sale of the Corporate Debtor as a going concern under Section 60(5) of the Insolvency and Bankruptcy Code, 2016.
NK Power and Infrastructure Private Limited filed an application seeking confirmation regarding the sale of R.S.H. Agro Products Limited as a going concern.
CIRP was initiated against R.S.H. Agro Products Limited on 23.11.2021.
Liquidation process was initiated on 18.12.2023, and Ms. Sudha Sarma was appointed as the Liquidator.
The Liquidator published an e-auction notice on 01.04.2024, and the e-auction was conducted on 26.04.2024.
NK Power and Infrastructure Private Limited emerged as the highest bidder in the auction.
The Liquidator issued a Sale Certificate dated 05.09.2024 after receiving the entire sale consideration of Rs. 17,96,99,366/-.
The Liquidator completed the liquidation process on 20.12.2024 and filed the final report.
…Corporate Insolvency…
Liquidation process…